LEKS GROUP LTD is aiming to build an extensive letting portfolio in central London and has found a great property in central London in Paddington, which would make a perfect addition to their existing portfolio. In order to increase the profitability of this project, LEKS GROUP LTD is partnering with TFGcrowd to raise the necessary funds here.
LEKS GROUP LTD is keen to expand their business and its existing letting portfolio by adding another central London property to it. To take advantage of the financial incentives a seller may offer to buyers, who are “cash” buyers, buying without arranging a mortgage, LEKS GROUP LTD is partnering with TFGcrowd to raise the necessary funds here. They are looking to raise 313’500€ (minimum target: 200’000€) to buy a property-to-let in the Paddington district of central London. For your investments the company is offering to pay 17% interest rate per annum to all their investors, to be paid out for the 8 month loan term.
Interest rate payments start calculating from the day you make your investment!
The following pledges secure the loan:
• A pledge on LEKS GROUP LTD
• A personal guarantee of the Borrower’s Shareholders & CEO
• A Guarantee of the Borrower
The loan is offered with the BuyBack Guarantee. If the borrower is late with the repayment of the loan, TFGcrowd will compensate the investors both the invested principal amount and interest, as well as pay the accrued interest after 60 days of delay.
LEKS GROUP LTD has found a beautiful apartment within an attractive period building on Westbourne Terrace to add to their portfolio. Enviably located just a moments’ walk away from the green spaces of Hyde Park, it fits perfectly the look and feel of the flats to rent that LEKS GROUP LTD is looking for. Just a few minutes’ walk to the central Paddington station, with links to Heathrow airport and other parts of the UK, it has the best location for short and long-term lets alike. Tourists visiting London will find this conveniently situated to explore the city sights, while professionals working in London, who need to travel extensively for work, will benefit from the close proximity to Paddington station, which is just a 15-minute train ride away.
The LEKS GROUP LTD is a company that has already established itself as a permanent member of London’s buy-to-let market with two mortgage-free properties to let in the central W2 London area, which it has successfully managed for over 2 years already.
By offering good service to their tenants, the company feels that their good reputation is preceding them and making them aim for expansion – their tenants are recommending them to their friends, but they have no free properties to offer. As their existing properties are always occupied, the company feels that now is the time to expand its business by adding another property to its portfolio.
Considering the fact that arranging a mortgage in a bank can be a lengthy process, sellers in London are often keen to offer a financial incentive for buyers, who have money readily available and are buying their properties without the need to arrange a mortgage.
LEKS GROUP LTD is keen to take advantage of this by borrowing the funds on the TFGcrowd platform for acquiring a new property in the short term and once the property will be acquired, it will proceed with re-financing the TFGcrowd loan and arranging a mortgage in a bank, going through that lengthy process already after they have the property in their ownership. This way they will be able to acquire their next property to let at a lower price, making their business calculations more favourable and also benefit from lower interest rates offered by banks on larger property portfolios and mortgages.